Discussing investment options for the construction project of the Quang Tri Provincial Waste Treatment Complex.

This afternoon, June 14th, Vice Chairman of the Provincial People's Committee Le Duc Tien chaired a meeting to consider investing in the Quang Tri Provincial Waste Treatment Complex project using the public-private partnership (PPP) method.

Vice Chairman of the Provincial People's Committee Le Duc Tien speaks at the meeting - Photo: PMH

At the meeting, Mr. Le Tuan Anh, Director of Dong Ha Urban Environment and Construction Joint Stock Company, stated that with a daily waste collection of over 350 tons, the amount of accumulated waste is increasing year by year, and the current waste treatment capacity through landfilling cannot meet the demand for solid household waste. The construction of landfills requires significant land and faces difficulties in mobilizing capital for construction.

Given the increasingly urgent need, Dong Ha Urban Environment and Construction Joint Stock Company has partnered with T-Tech Environment Joint Stock Company to submit a proposal for a PPP investment project to build a waste treatment complex in Quang Tri province.

Accordingly, the consortium of investors proposed investing in the project at the landfill site in Dong Ha City and Hai Thai commune, Gio Linh district. The project will handle waste in Dong Ha and neighboring districts. The total land area required is approximately 10,000 ^m³ ; the investment capital is approximately 260 billion VND, of which phase 1 is approximately 110 billion VND and phase 2 is approximately 150 billion VND.

The investment model is PPP (Public-Private Partnership), in which state capital contributes approximately 11.54%, equivalent to about 30 billion VND; the remaining capital comes from the investor, who mobilizes approximately 88.46% of the total investment, equivalent to about 230 billion VND. The project implementation period starts in 2025, with a payback period of approximately 22 years.

At the meeting, representatives from various departments, agencies, and localities focused on discussing and proposing the most suitable investment solutions and plans.

Specifically, investors are required to demonstrate and clarify that the PPP investment method has advantages over other investment methods, or propose the most feasible investment plan; and demonstrate their financial capacity...

The consortium of investors has explained the relevant issues and committed to implementing the Quang Tri Provincial Waste Treatment Complex Construction Project in the most appropriate investment form once the Provincial People's Committee approves the investment policy.

Concluding the meeting, Vice Chairman of the Provincial People's Committee Le Duc Tien stated that, according to Plan No. 530/KH-UBND dated February 11, 2019, of the Provincial People's Committee on implementing the national strategy for integrated solid waste management until 2025, with a vision to 2050, the goal is that by 2025, the percentage of household solid waste treated by direct landfilling will reach less than 30% of the total collected waste. In addition, the need for waste treatment in Dong Ha and surrounding areas is becoming increasingly urgent.

Therefore, it is requested that departments, agencies, and local units continue to carefully review and study; assess the advantages of each investment method in order to propose the most suitable investment plan, with the goal of completely resolving waste issues in Dong Ha and surrounding areas as soon as possible.

The principle of allowing the consortium of investors to continue researching the project under the PPP (Public-Private Partnership) model is agreed upon, focusing on feasibility, the proportion of state capital, and other relevant regulations. In addition, the consortium of investors should further research private investment methods, including a clear analysis of investment resources; operating methods and costs, etc., to ensure the project's feasibility.

Pham My Hanh

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